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Turnover

Procurement glossary
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What is turnover?

The total value of sales or revenue a company generates over a specific period, usually a year. Turnover reflects the volume of sales before deducting any costs, taxes, or expenses, and how well it meets customer demand. High turnover can show strong sales and customer demand, while low turnover may be a sign of less market reach. Turnover can also refer to the rate at which employees leave and are replaced within a company.

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